Indofood Strengthens Stake in Indomie Manufacturer
PT Indofood Sukses Makmur Tbk (INDF) has further increased its stake in PT Indofood CBP Sukses Makmur Tbk (ICBP), the manufacturer of Indonesia's leading instant noodle brand, Indomie. The move came to light after the Indonesia Stock Exchange (IDX) requested an explanation regarding volatility in ICBP's stock.
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